News Briefs 8-6-06

French bank bails out Gono
HARARE - The Reserve Bank has signed a pact with a French bank and SA-based Loita Capital Partners for a US$50-million revolving fund to import fuel to ease the crippling fuel crisis gripping the southern African state.
Zimbabwe's largest nickel


producer, Bindura Nickel Corporation, has also been underwritten by two private commercial banks, he said.
MDC spokesman Nelson Chamisa said the deal was clear demonstration of President Mugabe’s “unbridled failure.”
“It is the hallmark of economic mismanagement and unbridled failure when a government begins to mortgage its own assets to cover its bankruptcy and policy deficits,” Chamisa said.
The MDC spokesman noted with concern that government had developed a propensity of mortgaging state assets. – CAJ News


Botswana softens stance
GABORONE – There are indications that the government in Botswana has softened its hard line stance against Zimbabwean immigrants, following complaints
from civic and human rights groups.
In the last six months authorities in Gaborone have withdrawn work and residence permits from over 10 000 Zimbabweans and carried out numerous raids to flush out illegal immigrants.
But African Union’s human rights watch group stepped in and voiced its concerns, saying the policy on immigrants had caused a lot of heartache and did not promote human dignity.
Refugee advocates in Botswana say this is ‘a most significant and welcome step in the right direction’ by the government to soften its stance on immigration. – SW Radio Africa

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